From Investing.com: 2024-05-04 06:01:02

The U.S. economy added fewer jobs than expected in April, with nonfarm payrolls at 175,000, below the forecasted 238,000. Unemployment rate rose slightly to 3.9%. Bank of America analysts predict a slowing in hiring “catch-up” effect, expecting first rate cut in December and four more in 2025, reaching a terminal rate by mid-2026. DA Davidson suggests Fed tightening may be slowing the economy.



Read more at Investing.com: What will the Fed do after Friday’s jobs report? By Investing.com